If you’re the type, like me, who likes numbers and plans (*), here are some tips from the top of my head…
Guide to creating good business cases:
- do proper market research
- find realistic market numbers
- be specific about your assumptions
- build a proper model that can be reused for future products
- build various business cases based on the model
Now, insert your business case numbers into your overall business plan:
- be specific about your different cost elements
- create a profit & loss (P&L) model
- build a cash flow model in order to track your financial situation
- create a sales model with input from your business cases
…go sell!
*) and even if you’re not, you should seriously consider reading into these things if you’re a start-up company – feel free to ask me questions using the comments feature!